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Side-by-side financial comparison of LTC PROPERTIES INC (LTC) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $84.3M, roughly 1.0× LTC PROPERTIES INC). LTC PROPERTIES INC runs the higher net margin — 123.0% vs 1.4%, a 121.6% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs -5.8%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $20.4M). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs 1.8%).
LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
LTC vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.3M | $86.0M |
| Net Profit | $103.7M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | — | -3.1% |
| Net Margin | 123.0% | 1.4% |
| Revenue YoY | 60.3% | -5.8% |
| Net Profit YoY | 429.1% | -68.5% |
| EPS (diluted) | $2.19 | $0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $84.3M | $86.0M | ||
| Q3 25 | $69.3M | $92.8M | ||
| Q2 25 | $60.2M | $85.8M | ||
| Q1 25 | $49.0M | $65.6M | ||
| Q4 24 | $52.6M | $91.4M | ||
| Q3 24 | $55.8M | $63.2M | ||
| Q2 24 | $50.1M | $73.8M | ||
| Q1 24 | $51.4M | $83.1M |
| Q4 25 | $103.7M | $1.2M | ||
| Q3 25 | $-20.0M | $3.0M | ||
| Q2 25 | $15.1M | $21.4M | ||
| Q1 25 | $20.7M | $-24.2M | ||
| Q4 24 | $19.6M | $3.7M | ||
| Q3 24 | $29.4M | $-98.0K | ||
| Q2 24 | $19.4M | $-430.0K | ||
| Q1 24 | $24.2M | $-216.0K |
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | — | -3.1% | ||
| Q3 25 | 71.9% | 5.8% | ||
| Q2 25 | 80.5% | -0.1% | ||
| Q1 25 | 37.8% | -10.8% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | 95.5% | -7.8% | ||
| Q2 24 | 38.0% | 4.8% | ||
| Q1 24 | 47.3% | 0.9% |
| Q4 25 | 123.0% | 1.4% | ||
| Q3 25 | -28.9% | 3.2% | ||
| Q2 25 | 25.1% | 24.9% | ||
| Q1 25 | 42.2% | -37.0% | ||
| Q4 24 | 37.3% | 4.1% | ||
| Q3 24 | 52.6% | -0.2% | ||
| Q2 24 | 38.6% | -0.6% | ||
| Q1 24 | 47.2% | -0.3% |
| Q4 25 | $2.19 | $0.03 | ||
| Q3 25 | $-0.44 | $0.08 | ||
| Q2 25 | $0.32 | $0.54 | ||
| Q1 25 | $0.45 | $-0.62 | ||
| Q4 24 | $0.38 | $0.10 | ||
| Q3 24 | $0.66 | $0.00 | ||
| Q2 24 | $0.44 | $-0.01 | ||
| Q1 24 | $0.56 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $14.4M | $22.6M |
| Total DebtLower is stronger | $842.2M | $15.0M |
| Stockholders' EquityBook value | $1.1B | $239.7M |
| Total Assets | $2.1B | $340.0M |
| Debt / EquityLower = less leverage | 0.78× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $22.6M | ||
| Q3 25 | $17.9M | $5.1M | ||
| Q2 25 | $7.6M | $4.3M | ||
| Q1 25 | $23.3M | $5.1M | ||
| Q4 24 | $9.4M | $1.6M | ||
| Q3 24 | $35.0M | $7.2M | ||
| Q2 24 | $6.2M | $6.3M | ||
| Q1 24 | $9.0M | $4.6M |
| Q4 25 | $842.2M | $15.0M | ||
| Q3 25 | $944.5M | $14.3M | ||
| Q2 25 | $696.5M | $23.5M | ||
| Q1 25 | $682.2M | $13.7M | ||
| Q4 24 | $684.6M | $14.7M | ||
| Q3 24 | $785.3M | $15.7M | ||
| Q2 24 | $861.0M | $17.1M | ||
| Q1 24 | $860.2M | $25.5M |
| Q4 25 | $1.1B | $239.7M | ||
| Q3 25 | $957.9M | $239.9M | ||
| Q2 25 | $957.5M | $240.5M | ||
| Q1 25 | $961.9M | $219.9M | ||
| Q4 24 | $960.6M | $243.8M | ||
| Q3 24 | $947.8M | $243.6M | ||
| Q2 24 | $889.1M | $242.9M | ||
| Q1 24 | $886.2M | $242.5M |
| Q4 25 | $2.1B | $340.0M | ||
| Q3 25 | $2.0B | $343.1M | ||
| Q2 25 | $1.8B | $345.8M | ||
| Q1 25 | $1.8B | $326.9M | ||
| Q4 24 | $1.8B | $341.5M | ||
| Q3 24 | $1.9B | $335.8M | ||
| Q2 24 | $1.9B | $341.8M | ||
| Q1 24 | $1.8B | $349.3M |
| Q4 25 | 0.78× | 0.06× | ||
| Q3 25 | 0.99× | 0.06× | ||
| Q2 25 | 0.73× | 0.10× | ||
| Q1 25 | 0.71× | 0.06× | ||
| Q4 24 | 0.71× | 0.06× | ||
| Q3 24 | 0.83× | 0.06× | ||
| Q2 24 | 0.97× | 0.07× | ||
| Q1 24 | 0.97× | 0.11× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $136.0M | $22.4M |
| Free Cash FlowOCF − Capex | $128.7M | $20.4M |
| FCF MarginFCF / Revenue | 152.7% | 23.7% |
| Capex IntensityCapex / Revenue | 8.6% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.31× | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $220.1M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $136.0M | $22.4M | ||
| Q3 25 | $38.4M | $18.2M | ||
| Q2 25 | $30.0M | $-5.1M | ||
| Q1 25 | $29.6M | $8.7M | ||
| Q4 24 | $125.9M | $1.0M | ||
| Q3 24 | $34.0M | $5.8M | ||
| Q2 24 | $37.0M | $14.9M | ||
| Q1 24 | $21.1M | $-3.9M |
| Q4 25 | $128.7M | $20.4M | ||
| Q3 25 | $34.3M | $14.8M | ||
| Q2 25 | $28.9M | $-7.8M | ||
| Q1 25 | $28.2M | $5.2M | ||
| Q4 24 | $112.2M | $-840.0K | ||
| Q3 24 | $27.7M | $3.7M | ||
| Q2 24 | $34.7M | $13.5M | ||
| Q1 24 | $19.7M | $-5.5M |
| Q4 25 | 152.7% | 23.7% | ||
| Q3 25 | 49.4% | 15.9% | ||
| Q2 25 | 47.9% | -9.1% | ||
| Q1 25 | 57.6% | 7.9% | ||
| Q4 24 | 213.4% | -0.9% | ||
| Q3 24 | 49.7% | 5.8% | ||
| Q2 24 | 69.1% | 18.3% | ||
| Q1 24 | 38.4% | -6.6% |
| Q4 25 | 8.6% | 2.3% | ||
| Q3 25 | 6.0% | 3.6% | ||
| Q2 25 | 1.9% | 3.1% | ||
| Q1 25 | 2.7% | 5.4% | ||
| Q4 24 | 26.0% | 2.1% | ||
| Q3 24 | 11.2% | 3.4% | ||
| Q2 24 | 4.6% | 1.8% | ||
| Q1 24 | 2.6% | 2.0% |
| Q4 25 | 1.31× | 18.99× | ||
| Q3 25 | — | 6.05× | ||
| Q2 25 | 1.99× | -0.24× | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 6.43× | 0.28× | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 0.87× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LTC
| Seniors Housing Operating Portfolio Segment | $72.1M | 86% |
| Other | $12.2M | 14% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
